t****o 发帖数: 442 | 1 Loan amount 570,000. Very happy. |
h*****u 发帖数: 473 | 2 Congrats! We're looking for refinance too. Which state you are at? Did you
use a local broker? Thanks! |
t****o 发帖数: 442 | 3 I am in NJ. I use the same broker that worked for my initial purchase.
【在 h*****u 的大作中提到】 : Congrats! We're looking for refinance too. Which state you are at? Did you : use a local broker? Thanks!
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h*****u 发帖数: 473 | 4 I have a silly question..Does "zero cost refinance" really mean "no cost at
all"? My husband told me there's no real zero cost refi because the bank
just rolls over the cost to your loan. Every bank that he checked asked for
some kind of closing cost, including origination fee/point/appraisal/
underwriting fees.....about $5k-6k
But everybody here are talking about zero cost re-fi. So I'm confused. Let's
say if my principal is 170k now, zero cost re-fi means your loan amount
will still be 170k?
Is this different from state to state even we use the some online agent?
Many thanks! |
p********a 发帖数: 6437 | |
t****o 发帖数: 442 | 6 As far as I know, my loan amount will remain the same. The broker told me if
I pay closing cost of 3k, the rate could be 3.75% or lower.
at
for
's
【在 h*****u 的大作中提到】 : I have a silly question..Does "zero cost refinance" really mean "no cost at : all"? My husband told me there's no real zero cost refi because the bank : just rolls over the cost to your loan. Every bank that he checked asked for : some kind of closing cost, including origination fee/point/appraisal/ : underwriting fees.....about $5k-6k : But everybody here are talking about zero cost re-fi. So I'm confused. Let's : say if my principal is 170k now, zero cost re-fi means your loan amount : will still be 170k? : Is this different from state to state even we use the some online agent? : Many thanks!
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h*****u 发帖数: 473 | |
d*********2 发帖数: 48111 | 8 if with cost u can get rate 0.125% lower, better to choose no cost.
even 0.25% is unfavorable up to how much the cost is.
at
for
's
【在 h*****u 的大作中提到】 : I have a silly question..Does "zero cost refinance" really mean "no cost at : all"? My husband told me there's no real zero cost refi because the bank : just rolls over the cost to your loan. Every bank that he checked asked for : some kind of closing cost, including origination fee/point/appraisal/ : underwriting fees.....about $5k-6k : But everybody here are talking about zero cost re-fi. So I'm confused. Let's : say if my principal is 170k now, zero cost re-fi means your loan amount : will still be 170k? : Is this different from state to state even we use the some online agent? : Many thanks!
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d*********2 发帖数: 48111 | 9 0.5% of loan amt for 0.25% rate down is worth doing,
if u will hold the loan for 10 yrs +.
if
【在 t****o 的大作中提到】 : As far as I know, my loan amount will remain the same. The broker told me if : I pay closing cost of 3k, the rate could be 3.75% or lower. : : at : for : 's
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d******n 发帖数: 2712 | 10 cost是存在的,不过是broker用自己的profit来替客人付,对客人来说是no cost。如
果把loan amount提高,那不是no cost。
at
for
's
【在 h*****u 的大作中提到】 : I have a silly question..Does "zero cost refinance" really mean "no cost at : all"? My husband told me there's no real zero cost refi because the bank : just rolls over the cost to your loan. Every bank that he checked asked for : some kind of closing cost, including origination fee/point/appraisal/ : underwriting fees.....about $5k-6k : But everybody here are talking about zero cost re-fi. So I'm confused. Let's : say if my principal is 170k now, zero cost re-fi means your loan amount : will still be 170k? : Is this different from state to state even we use the some online agent? : Many thanks!
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